True Leaf Submits Site Evidence Package to Health Canada for True Leaf Campus
August 19 2019 - 7:00AM
True Leaf Cannabis Inc., a subsidiary of True Leaf Brands Inc.
(“True Leaf” or the “Company”) (CSE: MJ) (OTCQX: TRLFF) (FSE: TLA),
today announced that it has submitted its site evidence package to
Health Canada for True Leaf Campus, the Company’s cannabis
cultivation and production facility in Lumby, British Columbia. The
site evidence package submission is the final step required to
obtain a license to cultivate cannabis at True Leaf Campus.
Earlier this year, True Leaf completed
construction on the current phase of True Leaf Campus. The
completed phase includes a two-story, 18,000 square foot central
hub for the initial grow area and future laboratory services,
whole-plant extraction, and packaging of therapeutic cannabis
products. The facility sits on a 40-acre site of industrial zoned
land in the heart of Lumby, wholly-owned by True Leaf.
The site evidence package demonstrates to Health
Canada the True Leaf Campus facility is fully compliant and ready
to operate. Based on a site review and first-hand feedback from
industry consultants regarding the approval process, the Company
expects to receive its cultivation license for True Leaf Campus in
the fourth quarter of 2019.
“This site evidence package is a significant
milestone for True Leaf towards becoming a licensed producer of
cannabis,” said Darcy Bomford, Founder and Chief Executive Officer
of True Leaf. “Our team has spent the last few months ensuring this
state-of-the-art, purpose-built facility complies with Good
Manufacturing Practice (GMP) standards. Completing this final step
puts True Leaf in an ideal position to benefit from the highly
anticipated ‘edibles’ regulations coming to Canada this
October.”
The Company has received full municipal support
from the Lumby community and expects the facility to be an ideal
processing, packaging, and sales location to meet the needs of the
burgeoning Canadian cannabis industry.
About True Leaf
Cannabis Inc.
True Leaf Cannabis Inc., a subsidiary of True
Leaf Brands Inc., is in the final stages of approval to become a
licensed producer of cannabis in Canada. True Leaf Cannabis Inc.
owns and operates True Leaf Campus, an 18,000 square foot cannabis
cultivation and production facility in Lumby, British Columbia.
Upon final inspection of the facility, the Company expects to
receive a cultivation license from Health Canada which will support
the development of True Leaf therapeutic cannabis products.
www.trueleaf.com
Media Contact:
Paul Sullivan Director, Public
RelationsPaul@trueleaf.comO: 604-685-4742M: 604-603-7358
Investor Contact:
Kevin Bottomley (Canada)Director and Corporate
RelationsKevin@trueleaf.comM: 778-389-9933
Phil Carlson / Scott Eckstein (U.S.)KCSA Strategic
Communicationspcarlson@kcsa.com / seckstein@kcsa.comO: 212-896-1233
/ 212-896-1210
Follow True Leaf Twitter:
@trueleafpet Facebook: True Leaf PetInstagram: @trueleafpet
Forward-Looking Statements
This news release contains forward-looking
statements and management may make additional forward-looking
statements in response to your questions. Such written and oral
disclosures are made pursuant to the Safe Harbor provision of the
Private Securities Litigation Reform Act of 1995 and True Leaf
hereby claims such safe harbour protection for all forward-looking
statements. True Leaf believes that the expectations reflected
in such forward-looking statements are based on reasonable
assumptions; however, True Leaf’s actual results and performance
and the value of its securities could differ materially from those
set forth in the forward-looking statements due to the impact of
many factors summarized in the "Risk Factors" section of True
Leaf’s Offering Circular Form 1-A filed with the U.S. Securities
and Exchange Commission and Canadian securities regulatory
authorities and other discussions of risk factors contained in True
Leaf’s periodic filings or supplements to the offering circular.
True Leaf's Offering Circular Form 1-A can be found at
ir.trueleaf.com. Forward-looking statements speak only as of the
date they are made. True Leaf undertakes no obligation to update or
revise any such information for any reason after the date of this
presentation unless required by law.
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